New Bill Targets Automatic Exchange of Crypto Information
Switzerland has taken a major step in aligning its financial transparency policies with global standards by approving a bill to automatically exchange crypto-related tax information with 74 countries, including all European Union member states and the United Kingdom.
The Swiss Federal Council announced the adoption of the bill on June 6, aiming to implement the automatic exchange of information (AEOI) on crypto assets beginning January 1, 2026.
The proposal aligns with international efforts to close regulatory gaps in the rapidly evolving cryptocurrency sector and improve cross-border tax compliance.
Data Exchange to Begin in 2027
According to the plan, the first actual exchange of crypto asset data is expected to take place in 2027. The Federal Council will assess the readiness of partner countries before any data is shared to ensure compliance with international standards.
This step follows a prior decision made in February 2025, when the council introduced the legal basis for the AEOI concerning crypto assets. The latest bill formally enables this exchange by incorporating crypto into the existing financial information-sharing framework.
Exclusions and Global Implications
The framework includes most G20 countries, though it excludes major economies such as the United States, Saudi Arabia, and China. The Swiss Federal Government confirmed these exclusions via an official statement, citing that certain jurisdictions may not yet meet the agreed transparency criteria.
Switzerland’s move could set a precedent for other financial hubs and is seen as a major shift toward standardizing crypto regulation on a global scale.
Compliance Mechanism to Expand
To ensure integrity, Switzerland plans to expand the existing review mechanisms used for financial accounts to also monitor compliance in crypto-related exchanges. This includes reviewing whether partner countries continue to meet the standards set for data privacy, accuracy, and legal safeguards.
The necessary amendments to federal decrees are currently under parliamentary review.
Conclusion
Switzerland’s decision marks a turning point in global cryptocurrency regulation. By incorporating crypto into its Automatic Exchange of Information (AEOI) system, Switzerland is signaling a commitment to transparency and international cooperation in tax enforcement.
The first exchange in 2027 could reshape how governments track and regulate digital assets across borders. Investors and crypto institutions should prepare for increased regulatory scrutiny and cross-border compliance requirements in the years ahead.
